Northrop Grumman Cuts Earnings Outlook on Stealth Bomber Costs
Per-share profit fell by 47% in the first quarter, primarily due to loss provisions tied to the first production batch of B-21 stealth bombers, the company said Tuesday in a statement. Revenue declined 7% to $9.47 billion.
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Business Wire
5 days ago
- Business Wire
Conti Federal Awarded $33.5M Contract for B-21 Environmental Protection Shelters at Ellsworth Air Force Base
BUSINESS WIRE)--Conti Federal Services, LLC, a leading federal construction and engineering firm based in Orlando, Florida, has been awarded a $33.5M firm-fixed-price contract by the U.S. Army Corps of Engineers (USACE) Omaha District to construct B-21 Environmental Protection Shelters at Ellsworth Air Force Base (AFB), South Dakota. 'This latest award showcases our continued role in advancing the B-21 mission through safe, efficient, and resilient infrastructure,' said Korey Mullins, Program Director at Conti Federal. This contract represents Conti Federal's sixth award in support of the B-21 Raider beddown program at Ellsworth AFB and underscores the company's continued commitment to support this critical mission and rapid expansion in delivering high-priority military infrastructure. The project scope includes the construction of five new pre-engineered metal Environmental Protection Shelters designed to shield the B-21 Raider from harsh weather conditions, including UV exposure and snow accumulation, with space for general aircraft maintenance. The work also includes the installation of airfield and ground support equipment (GSE), paving, and the construction of two maintenance kiosks that will provide critical electrical and communication infrastructure to the shelters. Conti Federal's extensive experience at Ellsworth AFB, with five ongoing B-21 projects, provides an established foundation of experienced personnel and proven processes. The integration of the new Environmental Protection Shelters into Conti Federal's broader B-21 Beddown Program, ensures continuity, efficiency, and mission-ready support for the Air Force's next-generation bomber fleet. In addition to Conti Federal's experienced team and established operations at Ellsworth, the company has built strong relationships with a trusted network of local trade partners and subcontractors. These partnerships help ensure that critical work is performed by skilled, reliable professionals who understand the unique requirements of the base and the broader mission. By leveraging these local resources, Conti Federal, supports the regional economy, while delivering high-quality facilities that meet the demanding needs of the B-21 Beddown Program. 'Every new project we take on at Ellsworth strengthens not only our partnership with USACE Omaha and the Air Force but also our commitment to supporting local businesses in South Dakota, who play a vital role in our success.' said Korey Mullins, Program Director at Conti Federal. 'This latest award showcases our continued role in advancing the B-21 mission through safe, efficient, and resilient infrastructure.' Construction activities are expected to be completed by July 2, 2027. Conti Federal is already delivering several other B-21-related facilities at Ellsworth AFB, including the Phase Maintenance Hangar, Radio Frequency Hangar, Weapons Loader Training Facility, Fuel Systems Maintenance Dock, and Dock 81 reinforcing its reputation as a trusted partner in defense infrastructure delivery. About Conti Federal Services: Conti Federal Services is a leading global construction and engineering company with roots dating back to 1906. The company has delivered some of the most demanding projects for the U.S. federal government, specializing in military and secure construction, critical infrastructure, environmental remediation, and disaster response and recovery. Conti Federal is dedicated to ensuring clients meet mission success while committing to its core values of safety, integrity, and compliance. To learn more, visit
Buzz Feed
5 days ago
- Buzz Feed
Trump Says Tax Cuts Help 'Ugly Rich Guys'
Sure, Donald Trump's so-called 'big, beautiful bill' drastically cuts government programs that benefit lower- and middle-class Americans in order to pay for a $975 billion tax break for the wealthiest 1% in the country. But that doesn't mean he's heartless. In fact, the president suggested on Monday that the bill is crucial and necessary to ensure the happiness of at least one apparently marginalized community: ugly rich guys. During a meeting with members of the White House Faith Office, Trump explained that one of the reasons why he insisted on the controversial bill's passage was humanitarian in nature. For ugly rich guys, that is. Trump explained that the bill is needed to 'make the economy strong' to prevent 'a depression where you people, so rich, so beautiful, so nice to look at, will be totally busted.' He then suggested that the bill would not only benefit billionaires' bottom lines, but also their love lives. 'And let's see how long your wife stays with you. You're beautiful. She'll stay with you for about three weeks, and she'll say, 'Darling, I can't take it anymore. I can't take it anymore, darling. I'm leaving you,'' Trump said. He then explained his thinking by relating a conversation he claimed he had with an apparently ugly rich dude. 'I said to one guy, he's a very, very unattractive man, but he's smart and he's rich,' Trump said. 'And I said, you better hope we get this thing passed because your wife will be gone within about two minutes. He said, 'You're right.'' Trump: I said to one guy, he's a very, very unattractive man, but he's smart and he's rich and I said, you better hope we get this thing passed because your wife will be gone within about two minutes. — Acyn (@Acyn) July 14, 2025 @Acyn / C-Span / Via For some strange reason, Trump's 'won't somebody think of the unattractive billionaires' claim wasn't exactly the rallying cry he might have expected. And, yes, there was a lot of internet mockery. Trump's idea of a joke is threatening someone's marriage if his tax cuts don't pass. Misogyny and narcissism in one breath — classic. — AnatolijUkraine (@AnatoliUkraine) July 14, 2025 @AnatoliUkraine / Via Imagine saying this at a faith luncheon. The man talks like a nightclub promoter — Miles (@mileslangston_) July 14, 2025 @mileslangston_ / Via Ah, yes! The parable of the ugly billionaire. A very moving story about upholding marriage and trickling down jobs to all the poor who make his easy life possible. Tender unto Caesar… unless you are in the B-Club. — I Reid Enright (@ReidEnright) July 14, 2025 @ReidEnright / Via Trumps shows a clear sign of his complete lack of respect for anyone or anything beyond his own twisted perspective. This isn't just offensive; it's a glaring example of how far he'll go to degrade others for his own amusement, and it shows just how bankrupt his moral compass… — 𝕄𝕒𝕣𝕘𝕒𝕣𝕖𝕥🌴Siegien 🐦📷 (@margaretsiegien) July 14, 2025 @margaretsiegien / Via This is a prayer luncheon for faith leaders where Trump is telling this story of an ugly billionaire whose trophy wife might leave him if he didn't get his tax cuts. — Ron Filipkowski (@RonFilipkowski) July 14, 2025 @RonFilipkowski / @Acyn / C-Span / Via
Yahoo
5 days ago
- Yahoo
B&G Foods (BGS) Stock Trades Down, Here Is Why
Shares of packaged foods company B&G Foods (NYSE:BGS) fell 3.9% in the afternoon session after the stock continued to be weighed down by negative investor sentiment, evidenced by a recent significant increase in bets against the company. The pressure on the packaged foods company comes as data shows a recent 11.2% rise in short interest. Short interest represents the number of shares that investors have sold short, a strategy used to profit from a stock's decline. A notable increase in this metric indicates that a growing number of market participants are anticipating further weakness in the share price. This pessimistic outlook is fueled by underlying business concerns. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy B&G Foods? Access our full analysis report here, it's free. B&G Foods's shares are somewhat volatile and have had 14 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. B&G Foods is down 40.7% since the beginning of the year, and at $4.23 per share, it is trading 54.8% below its 52-week high of $9.34 from September 2024. Investors who bought $1,000 worth of B&G Foods's shares 5 years ago would now be looking at an investment worth $164.72. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Sign in to access your portfolio
